Yahoo 2007 Annual Report Download - page 135

Summary Compensation Table — Fiscal Years 2006 and 2007
The following table sets forth certain information concerning the compensation earned during fiscal years
2006 and 2007 for each individual who served as the principal executive officer or the principal financial officer of
the Company in 2007, each of the next three most highly compensated executive officers who were serving as
executive officers at the end of the last completed fiscal year and each of the two former executive officers for whom
information is required under applicable SEC rules (collectively, the “Named Executive Officers”). In accordance
with the rules of the SEC, only fiscal 2007 information is presented with respect to Messrs. Yang, Jorgensen, and
Murray as they were not executive officers named in the Summary Compensation Table included in the Company’s
proxy statement for its 2007 annual meeting of stockholders (the “2007 Proxy Statement”). An explanation of the
amount of salary and bonus in proportion to total compensation is provided under “Compensation Discussion and
Analysis — Executive Compensation Program Objectives and Overview.”
Name and Principal
Position Year
Salary
($)
Bonus
($)
Stock
Awards
($)
(1)
Option
Awards
($)
(2)
Non-Equity
Incentive Plan
Compensation
($)
Change in
Pension
Value and
Nonqualified
Deferred
Compensation
Earnings
($)
All Other
Compensation
($)
(3)
Total
($)
Jerry Yang . . . . . . . . . . . . . . . 2007 1 0 0 0 0 N/A 0 1
Chief Executive Officer
Terry S. Semel . . . . . . . . . . . . 2007 1 0 (2,895,833)
(5)
(3,330,972)
(6)
0 N/A 0 (6,226,804)
Former Chief Executive
Officer
(4)
2006 250,001
(7)
0
(8)
2,895,833 36,678,679
(8)
0 N/A 125 39,824,639
Susan L. Decker . . . . . . . . . . . 2007 657,500 1,100,250 3,272,050 9,762,414
(9)
0 N/A 33,510 14,825,724
President 2006 500,000 0 4,833,646 9,734,140 850,000 N/A 41,937 15,959,723
Blake Jorgensen . . . . . . . . . . . 2007 261,058 405,000 513,644 416,162 0 N/A 4,025 1,599,889
Chief Financial Officer
Michael J. Callahan . . . . . . . . . 2007 351,250 225,000 2,026,421 1,970,721 0 N/A 4,175 4,577,567
Executive Vice President,
General Counsel and Secretary
2006 325,000 200,000 1,058,904 1,499,189 0 N/A 4,050 3,087,143
Michael A. Murray . . . . . . . . . 2007 346,250 180,000 1,154,720 989,942 0 N/A 300 2,671,212
Senior Vice President, Finance
and Chief Accounting Officer
Daniel L. Rosensweig . . . . . . . 2007 125,000 0 4,672,997
(11)
7,032,387
(12)
0 N/A 375,570 12,205,954
Former Chief Operating
Officer
(10)
2006 500,000 150,000
(13)
1,658,853
(14)
5,422,290
(15)
900,000
(16)
N/A 3,995 8,635,138
Farzad Nazem . . . . . . . . . . . . 2007 219,871 0 2,039,887 19,811,968
(18)
0 N/A 283,269 22,354,995
Former Head of Technology
Group and Chief Technology
Officer
(17)
2006 479,167 0 4,632,698 6,617,280 700,000 N/A 4,050 12,433,195
(1)
These amounts reflect the value determined by the Company for accounting purposes for these awards and do not reflect whether the
recipient has actually realized a financial benefit from the awards (such as by vesting in a restricted stock or restricted stock unit award).
This column represents the dollar amount recognized for financial statement reporting purposes for fiscal 2007 or fiscal 2006, as the case
may be, for awards of restricted stock and/or restricted stock units granted to each of the Named Executive Officers in the year specified as
well as prior fiscal years, in accordance with SFAS 123R. Pursuant to SEC rules, the amounts shown exclude the impact of estimated
forfeitures related to service-based vesting conditions, except as noted otherwise. As noted below, Messrs. Semel, Rosensweig and Nazem
each forfeited certain outstanding stock awards during 2007. For additional information, see Note 12 of the Yahoo! financial statements in
the 2007 Form 10-K and the Form 10-K for the fiscal year ended December 31, 2006 (the “2006 Form 10-K”), as filed with the SEC. For
information on the valuation assumptions for grants made prior to 2006, see the note on Employee Benefits in Yahoo!’s financial statements
in the Form 10-K for the respective year. See the Grants of Plan-Based Awards — Fiscal 2007 table for information on stock awards
granted in 2007.
(2)
These amounts reflect the value determined by the Company for accounting purposes for these awards and do not reflect whether the
recipient has actually realized a financial benefit from the awards (such as by exercising stock options). This column represents the dollar
amount recognized for financial statement reporting purposes for fiscal 2007 or fiscal 2006, as the case may be, for stock options granted to
each of the Named Executive Officers in the year specified as well as prior fiscal years, in accordance with SFAS 123R. Pursuant to SEC
rules, the amounts shown exclude the impact of estimated forfeitures related to service-based vesting conditions, except as noted otherwise.
As noted below, Messrs. Semel, Rosensweig and Nazem each forfeited certain outstanding option awards during 2007. For additional
information on the valuation assumptions underlying the value of the 2007 awards and the 2006 awards, see Note 12 of the Yahoo! financial
statements in the 2007 Form 10-K and 2006 Form 10-K, respectively, as filed with the SEC. For information on the valuation assumptions
for grants made prior to 2006, see the note on Employee Benefits in Yahoo!’s financial statements in the Form 10-K for the respective year.
See the Grants of Plan-Based Awards — Fiscal 2007 table for information on options granted in 2007.
(3)
In 2007, represents for Ms. Decker, car services of $29,335, Company contributions under the Company’s 401(k) Plan of $3,875 and group
term life insurance premiums valued at $300; for Mr. Jorgensen, Company contributions under the Company’s 401(k) Plan of $3,875 and
group term life insurance premiums valued at $150; for Mr. Callahan, Company contributions under the Company’s 401(k) Plan of $3,875
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